Share repurchase programme


The share buy-back programme runs from 01 July 2016 to 31 December 2016. In this period Jyske Bank will acquire shares with a value of up to DKK 500 million, cf. company announcement No. 40/2016 of 01 July 2016. The share buy-back programme is initiated and structured in compliance with the EU Commission Regulation No. 2273/2003 of 22 December 2003 (the so-called Safe Harbour Regulative for share buy-back programmes), and from 03 July 2016 in accordance with the EU Commission Regulation No. 596/2014 of 16 April 2014 on market abuse (Market Abuse Regulation), which ensures that Jyske Bank is protected against violation of insider legislation in relation to the share buy-back programme.

Since the announcement as of 01 July 2016, the following transactions have been made under the program:

 

  Number of shares Average
purchase price
Transaction value in DKK
Accumulated, last announcement 75,000 247.51 18,563,336
08 July 2016 15,000 252.71 3,790,610
11 July 2016 15,000 257.30 3,859,475
12 July 2016 15,000 262.21 3,933,220
13 July 2016 15,000 263.59 3,953,815
14 July 2016 15,000 265.48 3,982,155
Accumulated under the programme 150,000 253.88 38,082,611

  

With the transactions stated above, Jyske Bank now owns a total of 2,792,740 of treasury shares, excluding investments made on behalf of customers and shares held for trading purposes, corresponding to 2.94% of the share capital. 

In accordance with the EU Commission Regulation No. 596/2014, transactions related to the share buy-back programme are presented in detailed form in the attached appendix. 

                                                         

Yours faithfully,

Jyske Bank

 

Any questions in regards to this announcement may be addressed to Birger Krøgh Nielsen, CFO, on tel. +45 89 89 64 44.


Attachments

Jyske Bank Share Buy-Back UK (15 07 2016).pdf